Headlines

National Headlines: HDFC-HDFC Bank Merger Likely to be Effective July 1

The merger of HDFC Corp with the country’s largest private lender HDFC Bank will likely take effect July 1, chairman of India’s mortgage-lending pioneer Deepak Parekh said Tuesday. The combined entity will have an asset base of around ₹18 lakh crore, or in excess of $200 billion. The boards of HDFC and the private bank will meet on June 30 to clear and approve the merger, Parekh told the media in Mumbai.

#HDFC #Merger #HDFCBank #Lender #HDFC #Mortgage #Media #Mumbai #HWNews

Dear Readers,
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.

Related posts